Karachi, July 10, 2023 – Irfan Iqbal Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), expressed his satisfaction that years of relentless policy advocacy for barter trade with Russia, Iran, and Afghanistan have yielded positive results.
(more…)Category: Trade & Industry
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KCCI Rejects Approval Allowing FCA Hike to K-Electric
Karachi, July 5, 2023 – The Karachi Chamber of Commerce and Industry (KCCI) Wednesday recently rejected the approval to allow K-Electric, the sole electricity provider in Karachi, to increase the Fuel Cost Adjustment (FCA).
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Decline in Cement Despatches Continues, Year-on-Year Drop of 15.71%
Karachi, July 4, 2023 – The cement industry experienced a significant decline in despatches, with a decrease of 22.80% in June 2023 compared to the same month last year. The total cement despatches for June 2023 amounted to 4.063 million tons, down from 5.264 million tons in June of the previous fiscal year.
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Pakistani Business Community Applauds IMF Agreement for Economic Stability
Karachi, July 1, 2023: Pakistani businessmen have expressed their appreciation for the recent loan agreement between Pakistan and the International Monetary Fund (IMF).
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IMF Assistance to Address Pakistan’s Immediate Financial Challenges, APTMA Says
Islamabad, June 30, 2023: In a recent announcement, the All Pakistan Textile Mills Association (APTMA) highlighted the crucial support provided by the International Monetary Fund (IMF) to address Pakistan’s immediate financial challenges.
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FPCCI Raises Anomalies in Proposed Amendments to Customs Laws
Karachi, June 24, 2023: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has voiced concerns over anomalies in the proposed amendments to the Customs Act of 1969, as outlined in the Finance Bill of 2023.
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USAID Seeks Karachi Chamber’s Assistance to Attract FDI
A team from the United States Agency for International Development (USAID) met with the Karachi Chamber of Commerce and Industry (KCCI) on Thursday to discuss the Pakistan Investment Pipeline Program.
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Ishaq Dar Assures FPCCI of Resolving Anomalies in Budget 2023-24
Karachi, June 22, 2023 – Finance Minister Ishaq Dar has assured the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), the apex trade body of Pakistan, that anomalies in the budget for the fiscal year 2023-24 will be addressed, according to a statement released on Thursday.
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Cotton Prices Experience Steep Decline due to Taxation and Subsidy Removal
Karachi, June 22, 2023 – Cotton prices in Pakistan have undergone a significant decline, attributed to high taxation and the removal of energy subsidies, industry sources revealed on Thursday.
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Alarming Prevalence of Unregistered Cigarettes in Pakistan Jeopardizes Public Health, Economy
The Citizens’ Health Initiative (CHI) has raised serious concerns about the increasing presence of unregistered cigarette brands in Pakistan, posing a significant threat to public health policy and the country’s economy amidst its most challenging financial crisis.
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